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( As on 11/09/2017 11:46) US consumer credit rises by $ 18.5-bn

The US Fed said consumer credit jumped by USD 18.5 billion in July after rising by a downwardly revised USD 11.8 billion in June.

The bigger than expected increase in consumer credit came as non-revolving credit such as student loans and car loans surged up by USD 15.8 billion in July after climbing by USD 7.1 billion in June.